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Financiamiento al comercio exterior y la década perdida de América Latina

Author

Listed:
  • Sebastian Alvarez

    () (Universidad de Ginebra)

  • Juan H. Flores

    () (Universidad de Ginebra e Instituto Figuerola)

Abstract

La “Gran Recesión” ha renovado el interés de los economistas sobre el vínculo entre financiamiento al comercio, comercio exterior y crecimiento económico.Los investigadores han encontrado que los efectosde la caída en el crédito a las exportaciones explica engran medida la fuerte caída observada en el comercio internacional luego de la crisis de 2008. En este marco,el presente artículo propone examinar la “década perdida” de América latina durante la crisis de la deuda como un ejemplo comparativo histórico. En los años que siguieron al default mexicano de 1982 y el de otros países latinoamericanos, el acceso al crédito internacional de la región se vio fuertemente limitado,en especial el destinado a financiar las importaciones. No obstante, la puesta en marcha de la estrategia de renegociación de la deuda permitió mantener abiertas algunas líneas de crédito al comercio con América latina, que en muchos casos servían para financiar la importación de bienes intermedios y de capital necesariosa la producción local. Las agencias oficiales de exportación y la adhesión a los programas de ajuste del FMI fueron factores determinantes para acceder a este tipo financiamiento externo.

Suggested Citation

  • Sebastian Alvarez & Juan H. Flores, 2013. "Financiamiento al comercio exterior y la década perdida de América Latina," Revista Actualidad Económica, Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Instituto de Economía y Finanzas, vol. 0(81), pages 11-21.
  • Handle: RePEc:ief:revaec:v:23:y:2013:i:81:p:11-21
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    File URL: http://revistas.unc.edu.ar/index.php/acteconomica/article/download/7868/8734
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    References listed on IDEAS

    as
    1. Bertola, Luis & Ocampo, Jose Antonio, 2012. "The Economic Development of Latin America since Independence," OUP Catalogue, Oxford University Press, number 9780199662142.
    2. Laird, Sam & Nogues, Julio, 1988. "Trade policies and the debt crisis," Policy Research Working Paper Series 99, The World Bank.
    3. repec:idb:brikps:77400 is not listed on IDEAS
    4. Jos� Antonio Ocampo & Juliana Vallejo, 2012. "Economic Growth, Equity and Human Development in Latin America," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(1), pages 107-133, February.
    5. Moravcsik, Andrew M., 1989. "Disciplining trade finance: the OECD Export Credit Arrangement," International Organization, Cambridge University Press, vol. 43(1), pages 173-205, January.
    6. Eduardo A. Cavallo & Eduardo Fernández-Arias, 2012. "Coping with Financial Crises: Latin American Answers to European Questions," Research Department Publications 4804, Inter-American Development Bank, Research Department.
    7. Carlos F. Diaz-Alejandro, 1984. "Latin American Debt: I Don't Think We Are in Kansas Anymore," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 15(2), pages 335-403.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Crédito al comercio; Crisis de la deuda; Crisis financieras;

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • G01 - Financial Economics - - General - - - Financial Crises
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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